With the January transfer window now coming to life, Sports Mole takes a look at the latest developments from around the footballing world.

Tuesday evening's headlines:

Report: Man United preparing Ilkay Gundogan move
Manchester United are reportedly preparing a £16m move for Borussia Dortmund midfielder Ilkay Gundogan. Read more.

Steven Gerrard on verge of Los Angeles Galaxy deal?
Liverpool captain Steven Gerrard is reportedly on the verge of signing an 18-month deal with Los Angeles Galaxy. Read more.

Manchester City close in on Wilfried Bony?
Manchester City are understood to be in advanced negotiations to sign Swansea City striker Wilfried Bony. Read more.

Schalke 04: 'Julian Draxler not leaving in January'
Schalke 04 chairman Clemens Tonnies insists that the club will not sell Julian Draxler during the January transfer window. Read more.

Newcastle United, Paris Saint-Germain in 'advanced Moussa Sissoko talks'
Talks between Newcastle United and Paris Saint-Germain regarding the transfer of Moussa Sissoko are reportedly nearing a conclusion. Read more.

Arsenal's Yaya Sanogo 'asks for Bordeaux move'
Bordeaux president Jean-Louis Triaud claims that Arsenal striker Yaya Sanogo has asked to join the French club on loan. Read more.

Queens Park Rangers complete Mauro Zarate loan signing
West Ham United forward Mauro Zarate joins Queens Park Rangers on a six-month loan deal. Read more.

Leicester City complete Mark Schwarzer signing
Leicester City complete the signing of goalkeeper Mark Schwarzer on a free transfer from Chelsea. Read more.

Burnley hopeful of signing Manchester United's Michael Keane
Burnley manager Sean Dyche reveals that the club are in discussions with Manchester United over signing Michael Keane on a permanent deal. Read more.

Kevin Long signs new Burnley deal
Burnley defender Kevin Long signs a new contract with the Premier League club. Read more.

Report: Arsenal want Raphael Guerreiro
Arsenal are reportedly preparing a January move for Lorient defender Raphael Guerreiro Read more.

Celtic play down Virgil van Dijk speculation
Celtic first-team coach John Kennedy plays down speculation linking defender Virgil van Dijk with a move away from the club. Read more.

Ronny Deila: 'Kris Commons talks ongoing'
Celtic manager Ronny Deila reveals that the club is continuing to hold contract talks with Kris Commons. Read more.

Andrew Johnson leaves Crystal Palace
Crystal Palace release experienced striker Andrew Johnson following the end of his short-term contract. Read more.

Kristoffer Olsson seals Arsenal exit
Swedish midfielder Kristoffer Olsson leaves Arsenal on a permanent basis. Read more.

Derby County cancel Leon Best loan
Derby County cancel the loan spell of Blackburn Rovers forward Leon Best. Read more.

Report: Villarreal join Joel Campbell race
Villarreal are understood to have joined Real Sociedad in the race to sign Arsenal forward Joel Campbell on a loan deal this month. Read more.

Report: Valencia want Matias Kranevitter
Valencia are reportedly preparing a January move for River Plate midfielder Matias Kranevitter. Read more.

Wolverhampton Wanderers duo Ethan Ebanks-Landell, Dominic Iorfa sign new deals
Wolverhampton Wanderers duo Ethan Ebanks-Landell and Dominic Iorfa sign new contracts with the Championship club. Read more.

Manchester City youngster Greg Leigh extends Crewe Alexandra loan
Manchester City youngster Greg Leigh extends his loan with Crewe Alexandra until the end of the season. Read more.

Josh Wright completes Leyton Orient move
Josh Wright pens a permanent contract with League One side Leyton Orient. Read more.

Southend United boss Phil Brown hoping for "two or three" new signings
Southend United boss Phil Brown reveals that he wants to sign "two or three" players before the end of the month. Read more.

Charlton Athletic loan out goalkeeper Nick Pope
Charlton Athletic goalkeeper Nick Pope joins Bury on loan for the remainder of the season. Read more.

Nicky Featherstone signs Hartlepool United extension
Hartlepool United midfielder Nicky Featherstone signs a contract extension with the League Two strugglers. Read more.